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Happily, they end up getting a full-price offer after three weeks on the market, which means that these flippers stand to make $169,000 in profits.With the popularity of TV shows like Flip or Flop, House Hunters, Million Dollar Listing and Property Brothers turning every bored grandma and recent college grad into a budding house flipper, it’s more important than ever to share our knowledge on what works, and what doesn’t. Their break-even price is a hefty $920,000, so the flipping duo end up listing the house for $1,099,000. This house must be painted gray and white, per HOA rules.Īlthough they’d originally planned to spend $130,000 fixing up this house, El Moussa and Anstead blow past that, eventually spending $190,000. The colors make for a classic look that gives the house a style that’s both sleek and beautiful. The good news is, it seems that the HOA knows what it’s doing, because once the house is repainted, the HOA-approved colors look great on the exterior of this home. Per homeowners association law, the house must be gray and white. This house needs some new exterior paint badly-and Anstead and El Moussa are at first disappointed to learn that their options are limited when it comes to the house color. It’s a classic look that complements all the gray in the house. Rather than opt for the usual chunky wood railing, they go for one that is sleek, thin, and black. The home’s original stair banister is in bad shape, so El Moussa and Anstead know they have to replace it. (HGTV) Black stair railings are a chic look This combined bathtub/shower section is unique and beautiful. The setup is different and interesting, while still looking gorgeous.
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Luckily, El Moussa and Anstead both love it. He explains that while on a trip to Las Vegas, he saw a suite where the tub was placed in the shower. He loved the look, and thinks this house is a perfect place to try a similar style. Claim homeīuyers always love a luxurious, beautiful bathtub-but El Moussa thinks he can take tub style to the next level. So, they show off their best contemporary style with some trendy tile.Īre you a home owner? Claim your home to stay up-to-date of your home‘s value and equity. This is a high-end neighborhood, and I think that a contemporary design will appeal to the most buyers.” “Sometimes we get crazy with our modern designs,” Anstead admits, “but we need to play it safe here. (HGTV) Contemporary design appeals to high-end buyersĪnstead and El Moussa are always going for bold, modern styles, but with this house, they’re going in a different direction. This gray island works perfectly with the white cabinets. By the time El Moussa and Anstead are finished, it’s clear the kitchen has come a long, long way. That way, the light cabinets can make the space feel open and bright, while the gray island adds visual interest and contrast to the cabinets above. In the end, Anstead comes up with the compromise to make the cabinets white and the kitchen island gray. “But I think to make the space look bigger, we might consider white.” “I actually love the look of the dark cabinets,” El Moussa says. One of their biggest decisions is to decide what color of cabinets to install. So, the pressure is on to design this new kitchen with style. From the beginning, they know that the kitchen will have to be totally redone. It’s dark, it’s ugly, and it’s closed off from the rest of the house.
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When El Moussa and Anstead first see the outdated kitchen, they’re disappointed. A mix of light and dark can bring dimension to the kitchen Will this big gamble pay off, or crash into flop territory? Read on to find out the surprising results of this flip and score some of their best rehab tricks yet. “It’s one of the most expensive rehabs we’ve ever done,” El Moussa admits. After first touring the house, El Moussa is able to negotiate the price of this house down from $775,000 to $700,000, but it’s still a hefty sum, and that doesn’t even begin to factor in remodeling costs. The worst part is that this potential money pit is expensive, even with all these problems. The banister is hanging off the stairway, closed-in walls make the place feel like a maze, there’s water damage, and the kitchen is straight out of the 1970s.